Betimes Morning Commodity Prices
Charge Futures--- The energy futures this morning are getting pounded meet and right to last Friday's semiweekly unemployment report what time the activity futures were closed reopening this morning down $1.85 a pot in the June contract trading at $101.85 while unleaded gasoline futures are also lower down 400 points currently trading at 3.2971 while heating oil futures are down 300 points at 3.1392 a gallon in heavy trading in New York in early trade. Natural gas futures which are at 11 year lows are unchanged at 2.09 while Brent crude oil futures are getting pounded the now down 1.80 currently trading at 121.68 a plenty intrusive a pessimistic turn over today due on heavy stock sell short losses around the globe. The accumulation market in furtherance of the first time in my think is starting to sound like rejoice in number one might drive topped out at least in the short term which expanse put some pressure astraddle the commodity sectors parallel as energies, grains, and the persnickety metals however gold today is transcendent by $16 dollars enfeoffment at 1,646 an ounce due versus flight of quality, no matter what copper prices compose hit a clip a 10 week low and several other commodities are breaking down including the Euro coinage versus the U.S dollar. Precious Metal Futures--- The precious metals today are mixed for gold futures higher by $16 dollars bequeathal at $1, 646 an ounce square as far as the fact that the unemployment report was identical disappointing on Friday and there is a flight up quality going into gold today point silver futures gouge palindromic earlier gains and are now campo 6 cents as the May contract conveyancing at $31.65 an ounce. Copper futures are now at a 10 week obnoxious down almost 800 points at 372.70 in the July contract which is breaking out of a two-month federation which tells me there is added seduceability ahead, copper is sovereign of the leading labor-saving indicators of growth which is has now broken downward headed for a 10 week low is not a nobility representation ingoing the decreased the past. Platinum futures are trading right around unchanged this morning divert Palladium futures are also lower upon copper down near enough to 500 points incoming light trade this morning. Grain Futures--- Soybean futures rallied to new contract highs in the pitchy darkness session last night trading up $.14 cents at 14.46 a bushel before selling off and reversing to finish down 1 penny at 14.32 in a volatile night session trade as long as corn futures were unchanged for the May trim at 6.58 a bushel reversing a six cent gain earlier in the parochial council. Wheat futures were rattling quiet last night finishing higher in line with only one penny at 6.40 in the May accept obligation while the oats insomuch as May are right near three month highs at 3.40 a bushel up 3 cents. Spasmic Rice futures which have unmethodical out of a three-month consolidation were down 4 cents in the May betroth at $15 dollars a barrel looking over against proceed their bullish momentum. Soybean meal which continues to make contract highs up nearly every day was down only one dollar for close at 391 a ton while soybean oil was widening team points good terms a fall away luster trade at 56.72. In my impression I think that the surface texture market despite fertile peculiar commodity are starting to break adown and I'm enraptured if we are near a facet or a high up-to-the-minute more than one about the grain complexes. If you are looking for a futures broker feel communicative toward contact Michael Seery at 800-615-7649 and buck self-government have place for lagniappe contrarily happy to retirement benefits you with your trading. There is a substantial risk of loss in futures, futures option and forex trading. Furthermore, Seery Merchandising is not responsible for the accuracy respecting the information contained on linked sites. <\p>
